Salary arriear

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janak kumar singhal (Querist)
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10 July 2018 SIR,
MY CLIENT GOT SALARY ARRIEAR IN F.Y. 2017-18.
IN earlier year 2015-16 and 2016-17 he not claim LIC in his income tax return.
now when he know that due to arriear he is taxable in f.y. 2015-16. he tell me consider LIC of f.y. 2015-16 as additional deduction in income tax return of f.y. 2017-18 in which he got arriear of salary.

can he cliam lic of earlier year as additional deduction ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 July 2018 Yes it can be claimed if it's actually paid during that year.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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10 July 2018 LIC premiums due for earlier year paid during current year can be claimed subject to maximum Rs.150000 u/s 80C.

For arrears you can claim relief u/s 89(1) by filling 10E Form.

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